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Tuesday, 21 September 21
CHINESE COAL IMPORTS FROM AUSTRALIA DROP 98.6% AS RESTRICTIONS BITE - BIMCO
 In the first seven months of the year Chinese coal imports from Australia have totalled just 780,000 tonnes as Chinese restrictions on Australian coal have started to hurt, according to Oceanbolt. This represents a 98.6% drop compared with 56.8 million tonnes in the same period in 2020.
In the first seven months of 2020, 697 voyages were made carrying coal between Australia and China. Out of these, 59.1% were on Panamax ships while Capesize ships proved the second most popular, accounting for 35.3%. So far this year, only 14 journeys have been carried out, of which eight were on Panamax ships.
On the other hand, imports of coal from Indonesia have grown 45.2%, from 76.4 million tonnes in the first seven months of last year to 110.9m tonnes in 2021, resulting in the share of total Chinese coal imports from Indonesia jumping to 60.4%. The share from Australia on the other hand has fallen to just 0.4% in the first seven months of 2021.
Total Australian exports still up
Despite the steep drop in exports to China, total Australian coal exports are up by just under 400,000 tonnes compared with the first seven months of last year, representing a growth rate of 0.2%. Exports to India and South Korea have grown the most, up by 22.3 million tonnes (+96.3%) and 15.0 million tonnes (+72.2%) respectively.
The marginal growth so far this year leaves total Australian coal exports at 223.4 million tonnes in the first seven months of the year which, excluding 2020, is the slowest start to the year since 2015. Despite this, the new destinations mean that tonne mile demand has not fallen back to 2015 levels, as the average sailing distance travelled per tonne has risen to 4,603 miles (+6.6% from 7M 2020), generating more tonne-miles and benefitting the dry bulk shipping industry. While volumes grew 0.2% in the first seven months of 2021 compared to 2020, tonne mile demand generated by Australian coal exports has risen 6.8%.
“As disruption on the Australia-China coal trade enters its second year, new matches are being made between buyers and sellers as they all seek to fill the gaps left by restrictive trade policies. These changes fit into the wider picture of a strong dry bulk market influenced by various congestions, particularly in Asia, soaking up tonnage and pushing freight rates upwards,” says Peter Sand, BIMCO’s Chief Shipping Analyst.
Source: BIMCO, By Peter Sand, Chief Shipping Analyst
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Wednesday, 13 October 21
MARKET INSIGHT - INTERMODAL
Following up on our insight on May 2021, where we discussed about the Capesize market outlook for the second half of the year, we are pleased to se ...
Wednesday, 13 October 21
FBX INDEX: THE IMPOSSIBILITY OF SHORT-TERM FORECASTING - LARS JENSEN
Will freight rates on Asia-Europe or the Transpacific reach 40.000 USD/FFE in the run-up prior to Chinese New Year 2022? Or will they start droppin ...
Wednesday, 13 October 21
CHINA FLOODS: COAL PRICE HITS FRESH HIGH AS MINES SHUT - BBC
The price of coal used in China’s power plants has surged to a new record high as another of the country’s key mining regions is hit by ...
Tuesday, 12 October 21
BUMA SIGNS CONDITIONAL AGREEMENT FOR AUSTRALIAN ASSET ACQUISITION
PT Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama, through its newly incorporated Australian subsidiary, BUMA International Pty ...
Tuesday, 12 October 21
INDONESIA'S COAL-BASED POWER PLANTS ARE SUBJECT TO CARBON TAX NEXT YEAR, ELECTRICITY COSTS COULD RISE! - CNBC
The Indonesian government is planning plans to implement a carbon tax of IDR 30 per kilogram (kg) of carbon dioxide equivalent (CO2e) or equivalent ...
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- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- The Treasury - Australian Government
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
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